OTCPK:ARNBF - Post by User
Post by
mombasa1on Sep 24, 2012 11:57pm
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Post# 20409407
Shareholders are being duped
Shareholders are being duped I don't care how much of a debt burden Arcan has, at 5000 bbls/d and $90 oil they generate $450 grand a day!
Even at $400 grand a day they can easily service their debt and whatever else they waste their money on.
Starting to believe Arcan is no more than a pawn in CPG's strategy of 'divide and conquer', with Arcan Mgmt a willful participant, and common shareholders getting shafted as per usual.
Watch for CPG to throw down a stink bid at the moment of perceived maximum distress, which appears to be right about now, all a fabrication orchestrated by the ruthless takeover kings of CPG and Arcan Mgmt who sits in their back pocket.